Description

Operating Now: Hot Topics in Real Estate for the Hospitality and Restaurant Industries 

In this presentation, Monroe Moxness Berg attorneys Monica Pelkey and Jodi Tagessen will examine recent trends and important factors in the commercial real estate aspect of a hospitality business, offering valuable insights tailored for owners and managers.

For those contemplating expansion with second-generation spaces, the presenters will highlight important factors to consider and common pitfalls to avoid. They will also discuss operational real estate concerns that have an impact on legal documents, including leasing terms, gross revenue implications, and loan covenants. Additionally, this presentation will examine the evolving cannabis laws in Minnesota that may present hidden challenges in standard commercial loans and leases and that can extend beyond licensing requirements.

By joining this webinar, attendees will:

• Learn about what goes in to remodeling 2nd generation space.
• Gain an understanding of what may be helpful to include in a Letter of Intent during the early stages of a real estate transaction to help avoid pitfalls in the future.
• Gain insights into operational real estate considerations to help manage business costs and enhance efficiency.
• Learn about the critical yet often-overlooked intersection of cannabis operations with commercial lending covenants, lease structures, and risk management strategies.

Presenters:

Monica Pelkey – Real Estate Attorney at Monroe Moxness Berg PA 

Jodi Tagessen – Real Estate Attorney at Monroe Moxness Berg PA